Wed, 13 August
20.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian banks’ loans to individuals hike 22% in 2013

YEREVAN, February 21. /ARKA/. Armenian commercial banks’ loans to individuals rose by 22% to 601.5 billion drams in 2013, with share of these lending receivables at 33.6% in loan portfolio of banks in 2013.

Loans to clients and other lending amounted to about 1,787.9 billion drams, according to interim financial reports of the banks for Q4 2013.

An analysis by ARKA showed ACBA-CREDIT AGRICOLE BANK was leader in lending to individuals as of the end of 2013 with its share in overall volume at 16.8%. Loans to individuals accounted for 58.6% of the overall lending by the bank and amounted to about 101.3 billion drams.

Other leaders are Bank VTB (Armenia) – over 86.6bln drams, Unibank – 51.2bln drams, Ardshininvestbank – about 51bln drams and Conversebank – over 44bln drams. Share of loans to individuals in overall lending by these banks was 37%, 44.6%, 29.8% and 52.9% respectively.

There were 21 commercial banks operating in Armenia as of the end of December 2013. ($1=412.44drams). –0—

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro Jumps 1.93 Points to AMD 445.22 as USD drops slightly

The average market exchange rate of the US dollar to the Armenian Dram on August 6, 2025, fell by 0.35 points compared to August 5 and amounted to AMD 383.68.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Armenian Central Bank unveils amendments to law On Combating Money Laundering and Terrorist Financing

On August 8, 2025, the law "On Amendments and Additions to the Law "On Combating Money Laundering and Terrorist Financing" will come into force in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img